The Canada Carbon Rebate (CCR) started off as the Climate Action Incentive (CAI) Credit in 2018 as a refundable tax credit that had to be applied for on the income tax return. Since 2021, it is no longer claimed on the tax returns. Instead, it was received as a Climate Action Incentive Payment (CAIP) on a quarterly basis that started in July 2022. For the 2023 year (payments starting in April 2024), the CCR payments are available to residents of Alberta, Manitoba, Ontario, Saskatchewan, New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island.
For Ontario residents for the base year 2023, the annual CCR amount for a single adult is $560. For couples, the annual amount is $560 for the first spouse and $280 for the other spouse. The spouse whose tax return is processed first by CRA will receive the CCR payments on a quarterly basis. The amounts for the other seven provinces listed above are different.
For a couple with children, the annual amount for each child, who is under 19 years of age as of the payment date, is $140. For children of a single person, the annual amount for the first child is $280 and $140 for the rest of the children.
If you reside is rural communities outside specified metropolitan areas, you are eligible for 20% additional supplement starting in April 2024 (previously, it was 10%).
The amounts for residents of the other seven provinces listed above are different.
The above information is of a general nature only and should not be relied upon for specific situations. Call Marlies Y Hendricks, CPA at 416-766-3941 or submit email enquiry form below to set up a consultation.
